Elder Law & Estate Planning Attorneys
No other advisor provides more specialized advice and counsel than you do for your clients, as you understand the financial and legal implications of sound planning. That should include helping clients recognize the mandatory nature of Long-Term Care (LTC) Planning and ways your counsel is essential to addressing LTC as a component of their comprehensive planning.
You understand the financial and legal implications of sound planning and recognize proper estate planning should address Healthcare In Retirement as various aspects represent a substantial risk to your clients.
As their primary source of legal advice, you implement legal solutions designed to complement a client's comprehensive financial planning, and an LTC Plan allows you to safeguard your clients' future by encouraging proactive measures for clients. Because your experience tells you that, all too often, consumers procrastinate and only seek legal strategies to complete "crisis planning" to address a need for LTC.
Unfortunately, from a proactive planning standpoint, one of the complaints we hear from estate and elder law attorneys far too often is the failure of the client's other financial advisors to implement recommended solutions when the attorney's legal framework calls for specific insurance for LTC.
Either the financial advisor can't do it because they lack the required licensing, or they won't facilitate the insurance purchase because clients might want a solution that affects their Assets Under Management.
As such, the “advice only” model for law firms and attorneys is shifting, as many are setting up a separate "advisory" practice to make sure the implementation of necessary insurance solutions takes place for their clients. Partnering with INERTIA will give you access to data-driven, customized LTC planning and solutions needed for clients, thus helping you broaden the scope of your practice.
Contact us to discuss solutions that augment your client's legal planning for Long-Term Care.
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